The reservation of rent usually commences with the word 'paying' or 'rendering'. In addition to creating a rent, such a word creates, if the tenant executes the lease or a counterpart, a covenant for payment of the rent1, although an express covenant is usually inserted in the lease. Conversely, any words which operate as an agreement to pay the rent (such as a covenant2, a proviso3 or a letting at a stated rent4) also constitute a good reservation. Whether the lease is oral or by deed, the rent constitutes a debt which is in the same rank as a
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